Michael answers the following question in this video:

I’m still confused. Who is aware? I thought it was ego that is the only thing that is aware. It’s the reflected consciousness. When I say I’m aware of these thoughts, these feelings, these emotions, this body, this mind, who’s really aware? Isn’t it really the false awareness ego? Yes I understand underneath the underlying assumed reality is the real self but we don’t really realize that until we annihilate ego completely. Until then everything is ego. Can you please expound on this.

This episode can also be watched as a video here and a more compressed audio copy in Opus format (which can be listened to in the VLC media player and some other apps) can be downloaded from here.